Evening Star Newspaper, April 14, 1923, Page 17

N, D. C, SATURDA APRIL 14, 1923: REAX ES TATY. 17 | Washington’s Growth Reflected in Real Estate and Building News | DISTRICT REALTORS AT CHCACD PARLEY William E. Shannon, John L. ‘Weaver and John A. Petty Attend. PLAN FOR CONVENTION Particular Pains Taken to Provide Topics of Interest to Various Specialists. William E. Shannon, John L. and John A. Petty, lecal realtors, vepresenting the Washington Real Es- tate Board at the spring meeting of the hoard of directors and advisory board the National A tion of Real Fstate Boards, which concludes to- day in Chicago. Mr. Shannon a director of the national tion and Mr. Weaver s past presic Mr. Petty is exec- utive secretary of the Washington board and secretary of the national tlon's federal co-operation committee. The directors and advisers compose the governing body of the national associa- tion and the periodical meetings of this group are held to formunate policies in connection with the administration work of the organization, Fix Convention Program. One of the principal items disposed of at this meeting was the adoption of the final program for the annual | convention, which will bhe held in Cleveland June Tsually the program of these conventions are yrepared by a special committee ap- nointed by thie board in the city in which the convention is held. but matters that are to be discussed in convention as well as the educa tional phase of its program are always passed upon by the govern- ing body of the national association. At the last mesting of the dire tors, held in Jacksonville in Januar: the ‘plan of creating separate div slons of the national association was adopted. this plan are grouped veral sections that intended to develop specialized information and service to meet the needs of the vari- ous phases of pract Separate sections sreated for farm lands, mortgage and financ- ing, home builders and subdivider: industrial properties, brokerage ar property management Prepared for Specialists. The chairmen of these different sroups are in charge of developing the activities of the nativnal assoecia- tion along specialized lines and also will be fn charge of the sections of ahe annual convention that deal with their specific problems It 1s possible under the new man- agement to pro the annual conventions a se f formal di | sions on these particul <o th the o such p of the | as are planned for the | benefit of the members en- | ed 1 ition particu waged s E EXCLUSIVE MASSACHUSETTS AVENUE 2805 Lo tion affords terms. Beautiful new detached home. Stone, cement and frame construction. Spacious front porch. 8 well planned rooms and 2 baths. heat, electricity, hardwood floors throughout, massive stone open fire- place, enormous attic, with space for more rooms if desired. Double rear | figures warrant an_e; | $717,000; {<treet northwest, v INGREASE SHOWN INNEW BULDING Construction Throughout the| Country Declared to Be Forging Ahead. Construction of new buildings throfighout the country continues on the increase, judging from figures ob- tained by the S. W. Straus Company of New York in a survey of condi- tions in the large cities. March building permits in the, principal cities Involved $422,591.923, a gain over March, 1922, of $161,564,- 177 or 61 per cent, according to of- ficlal reports. N The com states that ! these imate of total permits issued in the entire country of $600,000,000. The same cities re ported $524,344,407 for the first qua: ter of the year, a gain of $278,320,7: or 50 per cent. The estimate of total permits for new bulldings and altera tions {ssued during the three months’ | veriod is $1,400,000,000. Building Costs Higher. ! Accompanying these record bregk- ing achlevements there was a stead- ily’ advancing range of building costs both for labor and material. In many parts of the country shortages of these commodities were reported. Notwithstanding these ties, there were indications of a continue large potential wicmand for buildings of various types"throughout the coun- try. ¥ The greatest proportionate activit ties were In the Pacific coast states, which showed a Marc! per cent. The; greatly ‘increa south where a March gain of 62 per cent recorded as ‘compared with’ a February gain of 10 per cent. The central states gained 75 per cent and the eastern states 41 per cent. ny Citles Reporting Gains. | The cities reporting the largest gains over March, were as f lows: Greater k, $46,047.000: { Chicago, $11.0: Los Ang. $10,231.000; Houston, $4,019,000; sey City, '$2,900,000; Cleveland 925,000; 'Harrisburg, $2,56 Louis, §2,438,000; Kansas Ci 000; South Bend, §1,680,000; Ev i TIL, $1,294,000; Allentown, $1,107,000; Columbus,’ Ohio, Indian- apolis, §983,000; Ny $945,000; St. Petersburg, $935,- 000;" Toledo, $908.000 Diego, | $827.000; Long Beach, ,000: | Lakewood, Ohio, $726.000 vl Dayton, ‘Ohio, $714, ! $698.000 Santa Barbara, $576,- n, §544,000; Worcester, Bloomfield, N. J. $529.000; { ton, Duluth, : Cincinnati, CENTURY BUILDING SOLD. Out-of-Town Investor Buys Seven- Story Structure. The Century building, a seven- ry fireproof office building at 4 oth | sold during the St week 10 an out-of-town Investor whose name was withheld. ations were completed throu oflice of the Joseph ipiro Compan The price is reported to have pproximate. $1 000, Ne HEIGHTS 35th St. N.W. ted a square north of Mass. Ave., overlooking park. Eleva- wonderful view of the city. H porches, large lot, slate roof, large pantry and storage closets. |J. Dallas Grady, ‘William J. Reasonably priced '— easy WASHINGTON FIFTH INREALTY VALUES Appraisals in 124 Cities Give Chicago Lead, With $36,- 455,291 Total. D. C. NEXT TO NEW YORK Properties Here Given Approxi- mate Value of $6,561,907 by Investigators. Washington stands fifth in the list of 124 cities whose real estate boards made appralsals during 1922 on prop- erties totaling millions of dollars in value, according to a survey issued by the National Association of Real Estate Boards. The investigation showed that dur- ing the vear 1922 the appraisal com- mittees of 124 real estate boards, affi- llated with the national association, made officlal appraisals of r. valued at $194,511,232 amount the local board properties in the District of Columb: for an aggregate value of $6,561,90 These figures indicate the extent of appraised Hho development of officlal appra y the machinery of real boards throughout the country. F board affiliated with the national sociation maintains a_ standing ap- praisal committee consisting of active realtors who are member of local boards. These committees are con- sidered of vast importance and mem- bership on them, which In many stances is obtained through reg elections, is deemed a high honor in real estate board circles. Included in the survey issued by the national assoctation, which co ered nearly 2,000 indiv ap- praisals, were 750 appraisals rnmental bodles, nal. Valuations of this acter reached a tot of $13,1 Included in these appraisals both improved and unimproved prop- erties which were being purchased for municipal, state or federal use, one of the principal ftems being sites for public school buildings. The Washington Real Estate Boa has maintained a standing committee for almost ten yes during t st two years its activ has greatly increased, due tn the f that in that time the board has estal lished and aintained permanent headquarters where {ts appraisal com- ittee holds its meeting and main- < complete files relative to appraisals. The personnel of the loc committee Donohoe, ¢l Thomas P. Bones, 1 appraisal rence F. . Webster, heodore M_Judd, Flather, and Arthur Carr. Standing of Big Citles. Some of the more important cities §r., }reporting in this survey follow Total Washington. Toledo. Ohlo. [ BRANCH BANK when completed. NEW ROOF GARDEN {CONTRACTS AWARDED 7 Projected Construction as Supple-| ment to Cafe Le Paradis on Thomas Circle. Contracts are about to be awarded for the construction of the “Cocoa- | nut grove,” the new Meyer Davis roof garden, which is to be erected atop of the Cafe Le Paradis on Thomas Circle. i It is planned to make the roof gar- den a supplement to Le Paradis by adapting to outdoor use the Spanish decorative motifs that are incorpor- ated in the cafe. Willlam Lawrence Bottomley, architect of Le Paradis, has drawn the plans for the “Cocoa- nut Grove' and mapped out -a scheme of harmonfous lighting and general details caleulated to give the general atmosphere of coolness and galety which attracts the public to a roof garden By the use of thermostatic carriers it is planned to convey or- = from the Kkitchen to the walter n hot or icy cold condition. ROW OF SEVEN DWELLINGS Building Georgetown Completed. Another home development in Georgetown is about completed at 4th and R streets northwest. It con- sists of a row of seven brick dwell- ings, numbering 3401 to 3413 R street The operation was conducted by ameés Martin, The houses are two story structures, containing seven rooms and bath and modern improve- ments, with front and rear porches. il food Home Operation in How the new home of the Waxhington Loan a Ca 2 g ey Trust Company's branch bank, at 17th and G streets, will appear Work will start shortly. Arthur B. Heaton i the architect. TRUST COMPANY gzconomv IN BUILDING EXTRA HALF STORY Cheaper Than Bungalow or Reg- 10 ERECT BUILDING. Work to Be Started on West; End Branch at 17th and G Streets Soon. ! Construction of a new building for the West End Branch of the Wash- ington JYoan & Trust Company, at the southwest corner of 17th and G streets mnorthwest, will shortly, it was announced today. The [ new home was designed to conform with the government buildings in the | vicinity, as the site fronts one of the most important public squares in ‘Washington. | The building will be executed in the Italian renalssance style of archi- tecture, the keynote of the design, according to Arthur B. Heaton, the architect. being simplicity and care- fully studied proportions. 1t" wil be constructed of Ohlo sandstone of a color and texturs not heretofore used in this city, it was | may be galned for the bedrooms fn | This stone is of deep creams | the second story at somewhat less stated. and browns, the markings In. each | stone giving the whole structure a| atriking appearance, it Is said This | stone will be used for the entire two fronts, except the base, which will be of & dark polished granite. The interior will be in the same style architecture, consisting of one | at the center. Over this will be a mezzanine floor" acro: The bank screen will be built of | polished marble with black base. The | fluors will be of marble and cork | tlling. Newest equipment will be incorporated {n the building, including latest type safe | 4 SOLD—2 LEFT Homes of Brick Construction Price $14,250 3708 and 3714 Fulton St. N.W. (Mass. Ave. Heights) A home of distinction; moderate in price, but beau- tifully where planned some of Washington's finest Located in an exclusive neighborhood, homes are built. Designed and finished by experts, but built to sell at a price_you can afford to’ pay. These homes are only two blocks south of the new iscopal Cathedral and 'situated at 300 feet above the ty of Washington. Six rooms and bath (shower in addition), hot-water heat, electricity, hardwood floors throughout, porches front and rear, open fireplace, French doors, etc. Four of These Homes Sold the First Day Advertised Open ond Lighted Every Day Representative on Premises NE CHEVY CHASE HOME 3712 Ingomar Street ot-water Charming new home of center-entrance type; 8 spacious rooms and 2 tiled baths ; hot-water heat, electric lights, hardwood floors throughout, large porch, double garage; splendid plot of ground ; located just far enough from Conn. ave.-to be free from noise and dust of cars; French doors between living room and library and entrance hall and dining room ; open fireplace ; sewing room; slate roof ; completely equipped with screens; two sets of window shades, instantaneous heater; attic. fine, high-class residence in every way. An exceedingly ular Two-Story House. Often the solves the problem home at a moderate cost. story-and-a-half of obtaining house a The bungalow makes an ideal home | for those who enjoy the comfort and convenience which result from ing ail the rooms on one floor. it is not necessarily the least sive type of home to build. It spread plans often lead to foundations and costly roofs. in two storfes, the hav- But expen- s wide- costly When the same number of rooms are placed e smarted foundations and roof do not extend so widely, and the | expense of building may be reduced correspondingly. Between the bungalow and the full two-story house is the stors nd-a- half house, which has the snug, low look and bungalow, cozy yet interior the effec has e In the storv-and-a space under the roof can be t of a iomical | | construction of a two-story house 1t hous the utilized for sleeping quarters, and very good bed rooms can be obta the use of large dormers creasing the pitch this means adequate ed nd ceiling cost than full two-si hous of the roof. through by in- By height deposit vaults, women's rooms and special ventilating system, wh! draw in air from the roof. fch will BUILDING PLANNED FOR 17TH AND G STREETS |4, 000,000 Men Have Secured Work in Year, Babson Asserts 1Bu.&riness Outlook Best in Long Time, Says The project marks another step in | the rapid development westward of | large room with a vault in the rear | Washington's financial and business | section. able along 17th street, real estate men This development in the west side. | measura has been particularly notice- | Connecticut avenue great and point out. | The plans for the bank building | were prepared hy Arthur B. pany. Heaton, construction features and |local architect, and construction will | be done by the S. H. Edmonston Com- | i Statistician-—-Mills, Mines, Farms, and Even Ruhr Invasion, Aiding Grou- ing Prosperity in U. S. HY ROGER W. Speeial Dispateh to The St WELLESLEY HILLS, M April 14.—Roger W. Bason is very optimistic on the immediate outlook. Since re- turning from his inspection trip he has been going through the mass of reports and figures which lated on his desk during his absence. These statistics are even more en- couraging than he had anticipated. American business has certainly waked up,” according to the statis- tician. “The Babsonchart showed nearly 4,000,000 men out of employ- ment a year ago. Today it practically no unemployment. Where the blast furnaces were then being banked, new furnaces are now being started and premiums are being paid for prompt steel deliveries. The cop- per industry is showing activity for the first time for several vears and many of the miners have been given a wage Increase of 50 cents a da Eullding s still hooming and’ the 1923 figures will exceed any previous notwithstanding the big volume BABSON. show w England’s Big Change. “The most remarkable change in | sentiment I find- right at home here Washington” accumu- | in New England, mills were cut | numbers | strike. Today the mills time and the larzest concerns are E cing wages. Of course, this is an unhealthy sign for the long pull bacause it is due only to the art Tier on Immigration. On the other nd, ed wages stimulus to trade. asing power of many simply th total of these cltie rolls Increasing wages in New land’s mills of 121 per ¢ . Increases the purchasing power of the cor munities to almost a correspond amount. This means that thess ma acturing centers will, during 19 be the best places to send salesm because most w they get. should be sent to th because the present boom long lived. It is not based o foundation. M f getting an_incre will be out of work ended. ties in their wag: before 1924 1 Large Cotton Acreage. “While coming north from n Lake, T { I saw cotton being planted In ¢ | ®la. Tt iIs evident that the sou very happy with the present priee cotton and that a lirg cage wi | be planted in 13 started in (Continued on Massachusetts Park most beautiful residential section of detach- ed homes. Containing seven million feet of forest-covered land, with six miles of improved streets. Includes what remains of “The Triangle of Increasing Values” between Connecticut, Massachusetts and Cathedral avenues (Woodley Rd.). Over four million feet of land sold. Over ninety homes from $15,000 to $200,000 built and under con- struction. Wooded villa sites, lots and central and side hall brick homes, with lots from 50 to 115 feet front—Park Off 32d and Cathedral Ave. (Woodley Rd.). Woodley Park Finished and Connecticut Ave., adjacent to brick garages. Lots 24 and 29 feet by 120. under construction. Three baths, 2-car Terms if desired: the bridge. $2,000 Cash, $150 Monthly. Saving, $94. Middaugh & Shannon, Inc. Woodward Building, 15th and H Sts. Established 1599 LT One of These Homes Should Meet With Your Approval CHARACTER HOMES EXCLUSIVE SECTION TR E 2021-23-25.27 Belmont Rd. N.W Belmont Rd., 20th St. and Ashmead Place—Facing Million-Dollar Bridge 8 rooms and 2 baths and 6 rooms and one bath, hot-water heat, electricity, hard- wood floors throughout, front porch, breakfast porch, inclosed sleeping porch, open fireplace in both living room and master bedroom. Walls and ceilings tinted throughout. Beautiful cornices on both first and second floors. Finest quality electric fixtures of silver and dull gold. Trim and doors of unusual design. Exterior has limestone columns, slate roof and wrought-iron porch railings. Two-car brick garage with each house. One home is of center entrance type. Attractively Priced On Reasonable Terms Inspect Tomorrow WILLIAM K. HARTUNG & COMPANY REALTOR 1108 16th Street N.W. 1l il T Representative on Premises All Day Sunday and Every Afternoon and Evening Week Days Phones Main 372-160